88 Mill Rock Road

Property Overview: 88 Mill Rock Road

Key Characteristics & Appeal

This vacant residential lot at 88 Mill Rock Road in Winnipeg's Rosser-Old Kildonan area presents a straightforward opportunity for a buyer looking to build. The property's primary feature is its 3,151 sqft lot, which ranks in the top tier for size on its street. While specific details on services, zoning, and any existing structures are not provided here, the lot's appeal lies in its blank slate potential in an established neighbourhood.

The data suggests a notable value proposition. With an assessed value significantly lower than several nearby properties on Mill Rock Road and comparable streets, this lot could suit a cost-conscious buyer, an investor looking for a land hold, or someone wishing to design and construct a custom home without the premium of an existing structure. It's a practical choice for those who see value in the land itself and have the vision and means to develop it. The very low assessment, while requiring due diligence, indicates this may be one of the more accessible entry points into the area.

Frequently Asked Questions

1. What does the assessed value tell me?
The assessed value is used for municipal tax purposes and is not the market price. A low assessment, like this one, often correlates with a vacant lot or a very modest structure, and typically results in lower property taxes, which is an ongoing cost advantage.

2. Why is the assessed value so much lower than the neighbours?
The neighbouring properties with values in the $13k-$140k range likely have homes on them. This lot's assessment reflects the value of the land only, without any buildings, which is a key factor in its affordability.

3. Who is this property best suited for?
This lot is ideal for a buyer interested in a self-build project, an investor with a longer-term hold strategy, or someone seeking the most affordable way to enter the neighbourhood. It is not a move-in-ready home.

4. What should I research before considering this lot?
Essential next steps include verifying the zoning bylaws with the city to understand what can be built, checking for available utilities (water, sewer, power), and investigating any potential development fees or site-specific challenges.

5. The data shows "Year Built" and "Living Area" as blank. What does that mean?
This confirms the property is a vacant lot. There is no existing home, so there is no year of construction or living space to report. Your planning would start from the ground up.